The "present value" of an expected future cash flow ____________________ with the ______________. I: decreases; interest rate II: increases; interest rate III: decreases; number of periods until the future cash flow is received IV: increases; number of periods until the future cash flow is received

Select one:

a. I only

b. II only

c. III only

d. IV only

e. both I and III

f. both II and IV

g. both I and IV

h. both II and III

i. none of the above